Ranju Sarkar

IFA Fund invests $6 mn in agritech start-up Ecozen's Series-A financing

This funding is on top of the investment received in July 2019 from Caspian and the Hivos-Triodos Fund

Goldman Sachs backs online beauty & personal care platform Purplle.com

Leads $30 million Series C funding in Purplle.com

KredX raises $26M in Series-B funding led by Tiger Global Management

KredX was started by Manish Kumar and Anurag Jain in 2015 to help businesses meet their short-term working capital needs by facilitating discounting of their unpaid invoices

UK's CDC Group invests $36 mn in Warburg Pincus-backed Ecom Express

Ecom Express offers express delivery to the e-commerce industry; claims its network reaches 90% of India's population

TPG Growth leads $33 million investment in Ess Kay Fincorp

Ess Kay Fincorp is a differentiated NBFC primarily providing financing for income generation activity to the commercial vehicle segment and small businesses in rural and semi-urban regions

Oman India Joint Investment Fund II buys 9.9% in Capital SFB for Rs 84 cr

The current round of fundraising will help the bank deepen its penetration in Punjab and expand into Haryana, Rajasthan and NCT of Delhi, with a significant focus on MSME loans

Non-alcoholic beverage startup Coolberg raises $3.5 mn in Series-A funding

Besides traditional trade channels like supermarkets and restaurants, Coolberg is available across 12,000 outlets, including some at offices, colleges and airports

Smartworks Coworking raises $25 mn from Singapore realty firm Keppel Land

Smartworks, which has 23 operational centres in 9 cities and offers 43,000 workstations over 2.3 mn sq ft, plans to grow to 20 mn sq ft and seat 200,000 professionals over the next five years

Prosus leads $40 mn funding in virtual logistics network ElasticRun

ElasticRun enables small store owners to leverage quiet times of the day to do local last mile deliveries

Omidyar leads Rs 18 cr seed funding for education loan provider Credenc

The start-up intends to build up a loan book of $500 million over the next five years

Fintech start-up offering tools to reduce credit risk raises $3.2 million

Less than 15 per cent of the 50+ million small businesses in India have access to formal credit

Japan's M&S Partners invests unrevealed sum in women social network Healofy

Prior to this, the Bengaluru start-up raised $9.5 mn from Omidyar Network India, Chinese unicorn BabyTree Group and BAce Capital, a fund backed by Alibaba's Ant Financial

Mobile gaming firm Nazara Technologies acquires stake in Paper Boat Apps

This is the fifth acquisition by Westbridge Capital-backed firm

Two in three cos may shift to new corporation tax rates immediately: Crisil

Half of those shifting may use tax savings for ongoing capex to strengthen balance sheet

Bewakoof.com raises $11.2 million fresh funding round from Investcorp

Firm plans to use the money to strengthen the platform and gather consumer data to improve their experience on the website by using machine learning

One nation, one card? Amit Shah pitches multi-purpose ID for citizens

Indians have 574 million bank accounts, but it could include multiple accounts held by individuals

Nexus, Omidyar, Owl Ventures invest $10 mn in ed-tech start-up WhiteHat Jr

WhiteHat Jr helps children of ages six to 14 to build commercial-ready games, animations and apps online using the fundamentals of coding

CPPIB plans to invest $115 million in logistics provider Delhivery

Delhivery operates in over 2,000 cities and towns

Advent International to buy Indian snacks maker DFM Foods for Rs 1,178 cr

To buy 68% from WestBridge, promoters & 26% through open offer

Private equity-backed stocks do better in a volatile market

Interestingly, PE-backed companies which went public over the last 12 months have done better than those which got listed earlier